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24th Jul 2023 20:33Eurozone, Daily Monitor

  • The ECB Bank Lending Survey shows that demand for credit is tanking, but credit conditions are easing.
  • Pressure is mounting on the ECB to shift to a dovish tone this week, but we’re not holding our breath.
  • The EZ budget deficit will average 3.6% this year, only a touch below 2022’s 3.7%.

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Keywords for: 26 July 2023 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence